Market Awaiting Consumer Data

by devteam June 26th, 2009 | Share


Steady gains in the S&P 500 yesterday managed to erase all the losses from earlier in the week. The index now stands 0.93% higher on the week, though futures are pointing to a lower open ahead of data at 8:30. Meantime, the U.S. dollar index is down, oil is once again higher than $71, and gold has hit a 2-week high.

Data this morning will have a big influence on whether markets end the week climbing or plummeting. The Personal Income & Outlays report is a key forward-looking survey on three fronts. It is expected to show higher income and consumption, so a disappointing report could extend on pre-session losses.

The later Consumer Sentiment release will be less influential, but markets are always interested in surprises.

8:30 â€

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

See all blogs


Leave a Comment

Leave a Reply

Latest Articles

Real Estate Investors Skip Paying Loans While Raising Billions

By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...

Late-Stage Delinquencies are Surging

Aug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...

Published by the Federal Reserve Bank of San Francisco

It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...